Blast furnace No. 1 in Smederevo steelworks is expected to be shut down at the end of July
HBIS Serbia is preparing for the shutdown of blast furnace No. 1 in Zelezara Smederevo, and the factory told Tanjug that this is expected to happen at the end of the month.
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"The reason for this is the global situation on the market, which has led to a reduced demand for steel," HBIS Serbia said.
Blast furnace No. 2 continues to operate.
"We have adapted our operations to the current situation, and when market conditions are created for that, furnace No. 1 will be restarted," said HBIS Serbia.
(Telegraf Biznis)
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